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Andhra Bank gains on launching Sovereign Gold Bond Scheme

Andhra Bank is currently trading at Rs. 19.00, up by 0.10 points or 0.53% from its previous closing of Rs. 18.90 on the BSE.

The scrip opened at Rs. 19.50 and has touched a high and low of Rs. 19.50 and Rs. 18.70 respectively. So far 18473 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 33.90 on 18-Sep-2018 and a 52 week low of Rs. 17.20 on 23-Aug-2019.

Last one week high and low of the scrip stood at Rs. 20.80 and Rs. 18.70 respectively. The current market cap of the company is Rs. 5670.53 crore.

The promoters holding in the company stood at 87.81%, while Institutions and Non-Institutions held 4.22% and 7.97% respectively.

Andhra Bank has launched Sovereign Gold Bond Scheme 2019-20 Series-IV notified by Government of India for public subscription. The subscription will be opened at all its branches spread over the country from September 9 to 13, 2019.

Andhra Bank offers a wide range of services such as Retail banking, Agriculture, MSME, Corporate, NRI services and Personal banking services etc.

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